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SKC To Acquire World's Top Copper Foil Maker KCF Technologies

Metal News - Published on Fri, 14 Jun 2019

Image Source: google.com
SKC Inc, a chemical unit of SK Group, said that it has decided to acquire KCF Technologies Co, the world's top producer of copper foil for lithium-ion batteries, in a bid to diversify its business portfolio. SKC said it will buy a 100 percent stake in KCFT, currently owned by Kohlberg Kravis Roberts & Co, a US based private equity fund, for KWR 1.2 trillion (USD 1 billion).

KCFT is the top player in the global cooper foil market in 2018, with a 15 percent share. Copper foil is used as the electrode collectors for anodes in EV batteries. Its major customers include electric vehicle battery makers LG Chem Inc, Samsung SDI Co and Panasonic Corp.

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Posted By : Mohan Sharma on Fri, 14 Jun 2019
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